The Wonderful Company just paid a dividend of $4.27 per share. The growth rate of dividends in the future will be 16 percent annually. Find the cost of Equity Capital if the current ex-dividend stock price of The Wonderful Company is $40.27. Select one: O a. 26.6 percent O b. 12.3 percent O c. 31.0 percent O d. 28.3 percent